by Sean Ungerer | Jun 28, 2022 | Forestry and Paper
Pulp prices steady, April European pulp consumption down 1% y/y, while European pulp stocks were down 10% y/y and global pulp shipments in May were up 5% y/y: NOREXECO pulp futures for CY 23E imply a 13-17% decline in Europe, and a decline of 12-20% in China. Last...
by Sean Ungerer | Jun 22, 2022 | Forestry and Paper
DS Smith delivered on its expectations of a significant increase in profitability in H2 22A (y/y & h/h): Revenue growth of +26% (+15%) was mainly driven by improved pricing (86% of total) and to a lesser extent volume growth (14% of total). Adjusted EBIT +25%...
by Sean Ungerer | Jun 22, 2022 | Forestry and Paper
Pulp prices rise further: NOREXECO pulp futures for CY 23E imply a 15-20% decline in Europe, and a decline of 12-20% in China. US pulp prices post 6th straight monthly gain, rising by USD 40-100/t as BHK surge outpaces BSK. Graphic Paper prices stable but margins...
by Sean Ungerer | Jun 20, 2022 | Forestry and Paper
Key w/w moves: Cotton -4%; Polyester -4%; HW DP +4%; China-origin DP +1%, medium-grade VSF +0%; and high-end VSF +1% and Lyocell +2%. Cotton’s premium to VSF is 27% (2021 average: 30%) and a 119% premium to polyester (2021 average: 150%). The VSF premium to polyester...
by Sean Ungerer | Jun 14, 2022 | Forestry and Paper
Pulp prices rise further in all regions: NOREXECO pulp futures for CY 23E imply a 15-21% decline in Europe, and a decline of 12-19% in China. SCA is set to increase prices for NBSK by c.3% to USD 1,485/t.Graphic Paper prices gain further ground: After factoring in a...
by Sean Ungerer | Jun 13, 2022 | Forestry and Paper
Key w/w moves: Cotton +4%; Polyester +10%; HW DWP +0%; China-origin DWP +2%, medium-grade VSF +2%; and high-end VSF +1% and Lyocell +1%. Cotton’s premium to VSF is 33% (2021 average: 30%) and a 119% premium to polyester (2021 average: 150%). The VSF premium to...
